Nice summary. Rio2 and Integra are two of my largest positions in the gold space so good to see I'm not the only one. Rio2 is a mintwit darling but Integra is very much the opposite. For Integra, I think people are clouded by past judgments and bias against the company (and its management team). Yeah it wasn't worth 10-12 CAD a few years ago but it's definitely worth more than the current share price at the current gold price. The risk/reward at this price is completely asymmetric.

Management kind of lucked out with FC and the gold price increase but it is what it is, and that will tick a long nicely and provide cash-flow to develop Delamar and Nevada North which will be better operations than FC. My assumptions / valuations are probably slighter different than yours. I've got:

Florida Canyon (Including 3 Year Extension): ~$300m (USD) @2,750 Gold

DeLamar (Currently): ~$200m (USD), implies ~0.2x of PFS NPV (with some adjustments) or ~$60 per Oz of Resource

Nevada North (Currently): ~$100m (USD), implies ~0.2x of PEA NPV (with some adjustments) or ~$60 per Oz of Resource

So I'm looking at ~600m USD or about $5 CAD over next 18 months. If Delamar develops faster then probably deserves an uptick.